A Bull Market Is Coming: 2 Growth Stocks Could Increase Sales 139% and 332% in 5 Years, According to Wall Street Analysts
One school of thought says the next bull market begins when the S 500 (SNPINDEX: ^GSPC) reaches a new record high. By that standard, the benchmark index is roughly 10 percentage points away from bull market territory. That threshold is particularly meaningful because the S 500 returned an average of 285% during the last five bull markets.
In the meantime, investors should take a look at Cloudflare (NYSE: NET) and Elastic (NYSE: ESTC). Analysts at Morningstar expect sales growth of 332% and 139%, respectively, over the next five years. Those forecasts could certainly translate into significant share-price appreciation.
Here are the details on these growth stocks.
Source Fool.com
Morningstar Inc. Stock
€280.00
-0.720%
Currently there is a rather positive sentiment for Morningstar Inc. with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 316 € shows a slightly positive potential of 12.86% compared to the current price of 280.0 € for Morningstar Inc..
